Mobileye Global (NASDAQ:MBLY) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $20.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Mizuho decreased their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Piper Sandler increased their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, UBS Group boosted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Stock Performance

MBLY opened at $15.11 on Wednesday. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company’s 50 day simple moving average is $16.06 and its 200 day simple moving average is $15.73. The stock has a market capitalization of $12.25 billion, a PE ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, sell-side analysts expect that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Parkside Financial Bank & Trust boosted its stake in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after buying an additional 737 shares during the period. Global Retirement Partners LLC grew its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after buying an additional 1,147 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Mobileye Global in the fourth quarter worth approximately $30,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.